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Trans Afrika - Mining supplies glossary of terms Category: Agriculture and Industry > Mining supplies glossary of terms Date & country: 17/11/2010, SA Words: 44

Africa Risk Consulting
Africa Risk Consulting Limited (registration number 5947530), a private company registered and incorporated in the UK. TransAfrika Resources commissioned Africa Risk Consulting to provide it with country profiles of the three countries being explored by the group.

Agrineq
Agrineq S.A. (registration number 25550), a société anonyme of Mauritanian law.

Craton
A large, and usually ancient, stable mass of the earth’s crust.

Diamond drilling
A method of obtaining a cylindrical core of rock by drilling with a diamond set or diamond impregnated bit.

DRC
Democratic Republic of Congo.

DRC options
EP6285, EP6299 and EP11534, the three exploration permits in the DRC.

DRC permit areas
The properties covered by the DRC permits and the DRC options.

DRC permits
EP6059, EP6061, EP6062 and EP6297, the four exploration permits in the DRC.

Exploration
The intentional searching for any mineral, but not including mining.

Exploration company
A company the principal activity of which is that of exploration.

Exploration permit or EP
Exploration permit.

g/t
grams per tonne.

Group or TransAfrika group
TransAfrika Resources Limited and its subsidiaries.

Hectare
10 000 square metres.

In situ hard rock
Primary mineralisation within host rock.

IP
Induced polarisation, a geophysical survey technique measuring the rate of an electric current, used to identify disseminated sulphide deposits.

JSE
JSE Limited (registration number 2005/022939/06), a public company registered and incorporated in South Africa and licensed as an exchange in terms of the South African Securities Exchange Act, No. 36 of 2004, as amended.

km
kilometre.

KMP
Kibaran Metallogenic Province.

Listing
The proposed listing of TransAfrika Resources or any of its subsidiaries on the JSE or an alternative internationally recognised stock exchange.

Magnetic or Aeromagnetic survey
The determination of the deviation in the earth’s magnetic field in response to the inherent magnetism of different rock types either on the ground or from an aircraft.

MAOA
MAOA, a company governed by the laws of Mauritania and the largest industrial group in Mauritania.

Mauritanian permits
Exploration permits No. 272, 273, 288, 909, 806 and 807 in Mauritania.

Mineral resource
A concentration or occurrence of material of economic interest in or on the earth’s crust in such form and quantity that there are reasonable and realistic prospects for eventual economic extraction.

Mineralisation
The concentration of minerals or metals in a rock.

oz
Troy ounce, approximately 31.1 grams.

Platnic
Platnic Services Limited (registration number 074242/C2/GBL), a private company limited by shares, registered and incorporated in Mauritius, and a wholly owned subsidiary of TransAfrika Resources.

Rwandan permits
The two gold exploration permits in Rwanda in the north and the south of the country, granted to and registered in the name of TransAfrika Rwanda.

Salene Rutile
Salene Rutile Ltd (registration number HE221539), a private company registered and incorporated in Cyprus and a wholly owned subsidiary of TransAfrika Resources.

SAMREC
South African Mineral Resource Committee.

SOMASO
Société Minière Africaine du Sud et de I’Ouest S.A. (registration number 54264), a société anonyme governed by the laws of Mauritania.

SOMASO 1
Société Minière Africaine du Sud et de l’Ouest 1 S.A. (registration number 57649), a société anonyme governed by the laws of Mauritania.

SOMASO 1 JV
A 95/5 joint venture between SOMASO and a local Mauritanian company BMEX.

SOMASO 1 permits
Gold exploration permits No. 806 and 807 granted to and registered in the name of SOMASO 1.

SOMASO JV
A 70/30 joint venture between TransAfrika Resources, Agrineq, MAOA and Loucas Pouroulis to initially explore, inter alia, the SOMASO permits.

SOMASO permits
Exploration permits No. 272, 273, 288 and 909 granted to and registered in the name of SOMASO.

Streatham Management Services
Streatham Management Services (Pty) Limited (registration number 2007/011521/07), a private company registered and incorporated in South Africa which will provide advisory services to the group on behalf of Platnic.

Subsidiary or subsidiaries
The exploration subsidiaries, TransAfrika Belgique, TransAfrika Cyprus and Platnic or any one or more of such companies as the context requires.

tonne
1 000 kilograms.

TransAfrika Belgique
TransAfrika Belgique NV/SA (registration number 0894.604.373), a private company registered and incorporated in Belgium and a wholly owned held subsidiary of TransAfrika Cyprus.

TransAfrika Cyprus
TransAfrika Resources (Cyprus) Ltd (registration number C/HE215312), a private company registered and incorporated in Cyprus and a wholly owned subsidiary of TransAfrika Resources.

TransAfrika DRC
TransAfrika DRC SPRL (registration number KG/1793/M), a private company registered and incorporated in the DRC and a wholly owned held subsidiary of TransAfrika Belgique.

TransAfrika Mauritania
TransAfrika Mauritania S.A. (registration number 54.082), a private company registered and incorporated in Mauritania and a wholly owned subsidiary of TransAfrika Belgique.

TransAfrika Rwanda
TransAfrika Rwanda Gold Ltd (registration number A671/07/KIG), a private company registered and incorporated in Rwanda and a wholly owned subsidiary of TransAfrika Belgique.